Sebastian Salek Profile picture
May 9 8 tweets 2 min read Read on X
This is nonsense.

A department store blames Labour for its collapse. But the CEO’s political leanings, the store’s history, and the local public’s reaction tell a very different story.

Here’s what really happened: 🧵 Image
CEO Tony Brown wants you to believe Labour killed Beales.

He’s plastered Rachel Reeves’s face across ‘closing down sale’ posters and blamed tax rises for making his business “unviable”.

But Beales was already collapsing under the Tories.
Beales reported a £6m loss in 2013. It closed 10 stores in 2016. In January 2020, it went into administration.

A new company re-opened three of the stores, but by 2024 only the Poole one had survived.

Despite that, Brown’s reason for blaming Labour is obvious.
He’s a “proud” member of the Conservative Party.

There were no public swipes at the government before Labour came to power.

Local Poole residents see right through it, and they’re not holding back. Image
Some quotes from a local Facebook post:

• “Tony’s done it again, always someone else’s fault”
• “He would try to blame the government, it’s poor management I’m afraid”
• “Beales is mismanaged, disorganised, and old fashioned” Image
I have so much sympathy for department stores fighting to survive.

For years, they’ve been so important for local economies – and vital community assets. The Amazon era has been rough.

But three disappointing things jump out in this case.
It’s a shame to see:

1. A CEO using their political leanings as cover for their business’s failings
2. The shadow chancellor scoring cheap points with a publicity stunt at the shop today
3. The right-wing media faithfully writing up this narrative with no critical thinking
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More from @sebastiansalek

May 4
Reform’s victory could be the start of its downfall.

On the surface, it feels like momentum. But look back at history, and the warning signs are clear.

Here’s what they are:

(and how Labour can benefit)
Until now, Reform wasn’t really a political party. It was a pressure group with a fan club.

Shouting from the sidelines, but not in charge of anything.

Now it controls ten councils – and that changes the dynamic.
Populist parties thrive in opposition. They can promise the world, knowing they’ll never have to deliver it.

That’s been Reform’s entire playbook (more on this in the thread below).

But local government will expose this quickly.

Read 10 tweets
May 1
This might be the most delivery-focused government we’ve ever had.

Labour has already ticked off 10 manifesto promises – just months into power.

The full list:
1. “We will abolish non-dom status and end the use of offshore trusts to avoid inheritance tax”

A new residence-based inheritance tax system replaced the non-dom system last month.
2. “We will end the VAT exemption and business rates relief for private schools”

VAT has been applied to private school fees since January.

Charitable business rates relief in England ended last month.
Read 12 tweets
Apr 30
Rachel Reeves just won over America’s most powerful banker.

He says her economic plan is making Britain a better place to invest.

Here’s why it matters for Labour’s re-election chances:

(even if you think they’re an unlikely alliance)
JPMorgan CEO Jamie Dimon told the FT:

“There’s much to like about the new government’s pro-growth agenda.”

But there’s a problem…
Lots of US business leaders reportedly told Reeves they’re still cautious about the UK.

Two factors: Brexit and Truss.

Fortunately, Dimon is confident for three reasons…
Read 9 tweets
Apr 29
It’s not obvious yet, but the EU rejoining process has already begun.

Not through campaigns or slogans – but technical deals and unsexy laws.

5 signs it’s happening:
1. Youth mobility scheme

Rachel Reeves has confirmed the Labour is discussing a scheme to allow young Brits to work in Europe.

That’s a big shift from ‘No plans for a youth mobility scheme’, which was the line before the election.
2. Food standards deal

It would eliminate checks on food and drink that’s exported to the EU, and sent from Great Britain to Northern Ireland.

Talks are about to start, says the Guardian.
Read 8 tweets
Apr 17
Nine months ago, the NHS was at breaking point.

The turnaround under Labour has been remarkable – and barely anyone’s talking about it.

5 seriously impressive stats:
1. Waiting list down for a sixth month

The number of treatments waiting to be carried out has consistently fallen under Labour. Image
2. Waiting times slashed

The number of patients waiting more than 18 weeks for treatment hit a two-year low.

Waits of more than a year fell for a ninth month.

And here’s why:
Read 8 tweets
Apr 14
Labour just saved our steel indusutry.

The Tories would never have done it in a million years.

4 times they willingly let the sector fail:
1. Redcar steelworks collapse

More than 2,000 people lost their jobs when the coke ovens and blast furnace closed in 2015.

A cross-party report found the Cameron government was too slow to act on industry recommendations to save the industry.
2. Phantom funding pot

Sunak announced an £80m fund to support ex-Port Talbot steelworkers, but didn’t spend a penny of it.

The truth became clear when Labour came to power, and discovered the money had never existed.
Read 6 tweets

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